Peete, Remini, and Winokur were ultimately replaced by Sheryl Underwood and Aisha Tyler. The current team of five is set to return for the third season.

Here’s the press release from the network:

CBS RENEWS “THE TALK” FOR 2012-2013

CBS’s Daily Daytime Talk Show to Return for a Third Season

CBS’s THE TALK has been renewed for the 2012-2013 broadcast season. The daily daytime talk show – hosted by Julie Chen, Sara Gilbert, Sharon Osbourne, Sheryl Underwood and Aisha Tyler – will return for its third year in September.

“We are thrilled with the evolution and growth of THE TALK,” said Nina Tassler, President, CBS Entertainment. “The show has high energy, spirited conversation, relevant topics, and the audience is responding.”

“We’re proud that THE TALK has already established great brand identity in only its second season,” said David Stapf, President, CBS Television Studios. “Much of the success can be attributed to our hosts’ chemistry and the work of our producers, whose selection of topics and guests are clearly resonating with viewers.”

Nationally, THE TALK is averaging 2.16 million viewers in its second season, 1.0/6 in women 25-54 and 0.8 in women 18-49. During the week ending Jan. 27, THE TALK delivered its largest audience ever with 2.45 million viewers, while matching its best in women 18-49 (0.9/6).

In the recently completed February sweep, THE TALK delivered year-to-year growth both nationally and on the CBS Owned Stations.

Nationally, THE TALK averaged 2.27 million viewers, 1.1/07 in women 25-54 and 0.9/05 in women 18-49. Compared to last February, THE TALK was up +4 in viewers (from 2.19m), +10% in women 25-54 (from 1.0/06) and +13% in women 18-49 (from 0.8/05).

On the 14 CBS Owned Stations, THE TALK improved the year-ago time period among women 25-54 by +29% (0.9 from 0.7).

THE TALK examines current events, pop culture, contemporary issues, family, celebrity and the trending topics of the day. Show segments include guest interviews with entertainers and newsmakers, musical performances and how-to demos.

THE TALK (weekdays 2:00-3:00 PM, ET; 1:00-2:00 PM, PT) is executive produced by John Redmann and Sara Gilbert for CBS Television Studios.

What do you think? Do you watch The Talk, or any morning shows? Do you like The Talk better than The View on ABC?

First of all let me say that I absolutely loved the show in its first season. I was wary when I heard about the disputes with Leah (I can never spell that one right I know) and Holly, but watched to see how it went. The show is better than ever! They have firmed up the 2 replacement hosts (or would that be hostesses?) and the chemistry is so much better. Sarah Gilbert, who was so shy and quiet in the first season, has come out of her shell so much I hardly recognize her from the first season to… Read more »

I loved the Talk in it’s first season with Leah and Holly. I no longer watch it since they dropped these two funny ladies. I feel they were treated badly by the show & I hated the way they replaced them without a word to the viewers. It is not the same show that I loved & made time in my day to watch. I still watch the View.